Kenya to sell Treasury bond worth 30 Billion shillings

Kenya to sell Treasury bond worth 30 Billion shillings

Kenya will sell a one-year Treasury bond worth 30 billion shillings ($285.04 million) this month and its proceeds will go towards funding the government’s budget, the central bank said on Friday

The bank said in a statement it will receive bids for the bond between Sept. 11 and Sept 23, and will auction it on Sept. 24.

The bond will have a market-determined coupon rate, the bank said. ($1 = 105.2500 Kenyan shillings)

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